Chief Accountant
Arrow ECS FZCO
Total years of experience :20 years, 11 Months
Competently oversee the internal and external audits and play a vital role in financial administration, also supervise the management and coordination of company finance functions by ensuring compliance with corporate, finance and accounting policies. Expertly engage in the analysis and communication of financial reports with focus on required actions in response, and in implementation of techniques to support SOX control procedures.
KEY ACCOMPLISHMENTS:
Formulated diverse kind of MIS reports, accounting schedules, commentaries and financial statements, as well as organised analysis reports on regular basis for budgeting, controlling income and expenditure.
Managed and directed training sessions for the new employees of the department, and supported SOPs and resolved issues related to complicated order processing.
Executed export compliance policies, procedures, and compliance audit in line with US Export, commerce laws and guidelines by coordinating with Compliance Manager.
Planned and implemented cost reduction strategies to increase efficiency by coordinating with top management.
In charge of implementing comprehensive finance, accounting and administrative processes and procedures, as well as developed, managed and coached staff in the accounting functions. Proficiently carried out assessments on cash positions to deliver monthly forecast and to ensure timely vendor payments. Formulated financials in line with IFRS regulations for audit purposes by liaising with auditors (E&Y) for the smooth conducting of audits and ensuring timely audit report.
KEY ACCOMPLISHMENTS:
Generated comprehensive reports on a weekly basis related to revenue and gross margin, cash balances, accounts payable, accounts receivable and inventory balances and delivered reports to the Group Head of Finance in Germany.
Analysed key financial data and KPIs within the company, by collaborating with the top management to ensure the accomplishment of monthly targets and accurate & timely delivery of relevant information.
Contributed in developing long-term plans, financial models and accounting functions to improve planning and budgeting in very well organized manner.
Successfully handled various compliance and due diligence audit requirements, which resulted in positive and favourable feedback.
Supervised planning and setting time schedules for audits, allocating audit teams, conducting audit, reviewing the work of audit staff, and followed up the completion of audit within the time schedule. Updated files of clientele indexed the audit files and encoded timesheet data into the system.
KEY ACCOMPLISHMENTS:
Commendably delivered technical support relating to accounting procedures, and formulated feasibility reports for different types of investment opportunities in consultancy area.
Analysed the audit results, drafted audit report according to reporting standards by communicating Audit Manager, and finalised the reports.
Identified the weaknesses by working and reviewing the internal controls, and generated reports to clients.
Maintenance of all books of Accounts including Perpetual Inventory Control, Debtors Control, supervision of Accounts and monthly preparation of Financial Statements
Monthly preparation of outlet-wise Performance Report outlining comparative P & L a/c, Sales Analysis, Stock Ageing -Valuation and Control Information, Debtors Ageing, Overhead Analysis, Cash Flows, etc in order to highlight Co.'s performance during the month in various areas.
Various MIS information mainly concerning sales, profit to make sound business decisions.
Keep Tracking of Bills Receivables and Payables
Day to day dealing with Banks for all kinds of transactions and controlling facilities for L/C, L/G and O/D.
Consolidation and Finalization of Accounts, liaison with Statutory Auditor, Internal Auditors.